Bendigo's younger generation to get a helping hand with buying a new home

First Home Owners Grant to Double

2017-03-09T01:29:41Z

The State Government has doubled the first home owners grant for young regional Victorians looking to get into the market.

As of July 1, people purchasing a new home or house and land package valued up to $750,000 will receive an extra $10,000, increasing the current grant to $20,000.

This generous incentive from the State Government is expected to help address housing affordability for the younger generation in regional towns and cities and even promote decentralization by attracting homebuyers out of Melbourne and surrounds.